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SIRZX Sierra Core Retirement A1

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Fund SIRZX Sierra Core Retirement A1 CPMPX Changing Parameters  
Similarity
?
100% 86%
Annual Fees
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$252.45
(2.47% Exp. Ratio)
$225.87
(2.21% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.21% annual return
$9,084.71 $9,840.06
Est. savings over 30 yrs +$755.35
Return
As of 10/31/16
1 YR RETURN 4.40%
3 YR 2.15%
5 YR 2.38%
10 YR --
1 YR RETURN 7.85%
3 YR 3.22%
5 YR 4.15%
10 YR 2.68%
Description
The investment seeks to provide long-term total return (the combination of yield and net price gains from the underlying funds) and to limit volatility and downside risk. The fund is a "fund of funds". The Adviser seeks to achieve the fund's investment objectives by investing in (1) open-end investment companies (mutual funds), (2) exchange-traded funds ("ETFs"), and (3) closed-end investment companies using the Adviser's multi-asset diversification strategy. The Adviser constructs the fund's broadly-diversified investment portfolio by investing at various times in a wide range of underlying funds that invest in various security and investment categories.
The investment seeks total return. The fund seeks to achieve its investment objective by investing primarily in a combination of long and short positions in equity and fixed income securities (which may include common stocks, bonds, preferred stocks, shares of open-end and closed-end investment companies and exchange-traded funds, futures contracts, options on futures contracts and U.S. Treasury instruments. It typically invests in U.S. Treasuries with maturities of any duration, or their derivatives, and the fund's allocation of its investments between the equity and fixed income market segments may vary without limitation.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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